Reliance has so far sold 19.9 per cent worth of stake in Jio Platforms.Mr. Ambani is high this time,they are about to get debt free.Jio Platforms has raised ₹ 92,202.15 crore from leading technology investors in less than six weeks.Reliance has so far picked up investments from Facebook, Silver Lake, Vista Equity Partners, General Atlantic, KKR and Mubadala in less than six weeks.List of investors in last six weeks is as follows:
Facebook picked up 9.99 per cent stake in the firm that houses India's youngest but largest telecom firm on April 22 for Rs 43,574 crore.
Within days of that deal, Silver Lake bought a 1.15 per cent stake in Jio Platforms for Rs 5,665.75 crore.
On May 8, US-based Vista Equity Partners bought 2.32 per cent stake in Jio Platforms for Rs 11,367 crore.
On May 17, global equity firm General Atlantic picked up 1.34 per cent stake in Jio Platforms for Rs 6,598.38 crore.
This was followed by US private equity giant KKR buying 2.32 per cent for Rs 11,367 crore.
The announcement comes some days later that Reliance received its sixth investment: Selling a 1.85 per cent stake to Adu Dhabi’s Mubadala for Rs 9,093 crore.
After an initial investment of Rs 5,655 crore in Jio Platforms, private equity firm Silver Lake is investing an additional Rs 4,546 crore for a 2.08 per cent stake overall.
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